LVMH viewed as “structural winner” as sales rise 24 per cent
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LVMH has posted a strong rise in sales in its fashion and leather goods arm in the third quarter, seeing figures rise by 24 per cent.
The luxury group cited…
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LVMH enters “unprecedented” tie-up with Google Cloud to build AI solutions across its brands
LVMH has launched a new “unprecedented and significant partnership” with Google Cloud as it seeks to create new cloud-based artificial intelligence (AI) solutions.
The luxury giant, which owns a raft…
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LVMH to sell off unused luxury fabrics at 70% discount in pioneering sustainability initiative
Louis Vuitton, Dior and Stella McCartney are now offering selling off their unused fabric and leather supplies online at a significant discount.
LVMH, the luxury group which also owns Givenchy…
Read MoreLMVH, Prada and Cartier launch blockchain-powered anti-counterfeit group
LVMH, Prada and Richemont-owned Cartier have joined forces to form a new blockchain-powered anti-counterfeit group.
‘Aura Blockchain Consortium’ has been launched by the rival luxury fashion giants and will give…
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Jeff Bezos is now richer than ever despite worst economic downturn since Great Depression
Amazon’s chief executive Jeff Bezos’ personal wealth has hit an all time high of $171.6 billion as shares in the company surge.
Amazon’s shares jumped over four per cent yesterday…
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Crisis will see “large number of retail failures” if shops to not embrace new technology
Retailers must “redefine business models” and integrate more technology into their operations if they are to survive the COVID-10 pandemic, according to GlobalData.
The data and analytics company has warned…
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LVMH launches blockchain platform in fight against counterfeiting
Luxury conglomerate Moët Hennessy – Louis Vuitton has launched AURA, a new blockchain platform for authenticating luxury goods.
After three years in development with Microsoft blockchain software company ConsenSys as…
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Instagram accounts promoting fake luxury goods has tripled since 2016
Instagram is failing to tackle the growth of accounts which promote the sale of counterfeit luxury goods from brands including Gucci, Louis Vuitton and Dior. According to new research from…
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Boots owner offers delivery pickup and return service at 8000 locations
Boots owner Walgreens Boots Alliance has partnered with Narvar to offer pickup and returns services for any participating online retailer at over 8000 locations. Walgreens will now offer Narvar Concierge,…
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LVMH to use blockchain tech to tackle counterfeiting
Luxury fashion powerhouse LVMH is poised to launch a new blockchain tool for ensuring the tackle counterfeiting. According to Coindesk, LVMH will launch the new cryptographic provenance platform called Aura,…
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Like many other parts of society, fashion is moving online, and quickly. The news that luxury fashion brand Karl Largerfield was releasing a collection of 777 NFT’s for the price…